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AI adoption linked to 13% decline in jobs for young U.S. workers: study

cnbc.com

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Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#541

Post by mothballed »

globular-toast wrote: post #427
nicce wrote: post #422

Earlier quoted context omitted.

So what are the long term risks when senior staff leaves and those need to be replaced with new seniors that have never seen the existing work vs. promoting younger people who knows the projects and practises?

Long... term... risk? What is this archaic concept? I just want to get into a position where I can extract rent from children when they grow up. Why do I need to worry about this so called long term risk?

>I just want to get into a position where I can extract rent from children when they grow up.

That's called social security.

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#542

Post by mothballed »

rimbo789 wrote: post #536
rekenaut wrote: post #395

Earlier quoted context omitted.

Traditionally, interns exist as a well-vetted and well-shaped supply of labor (which is very difficult to find through the traditional hiring process). The work they complete is secondary. Are companies going to stop needing good employees? Is nobody going to need to work in 40 years when all the current employees are phased out?

If interns existed like that they haven’t in the 21st century. They are a free disposable short term labour to be ripped through. Also what company do you know of thinks in 40 year terms? The longest budgeting process I’ve been part of has been 3 years and the year 3 numbers were understood to be pure wish fulfilment

I'm not sure when interns stopped being part of the hiring chain, but I remember almost universally circa 2010 or 2011 in the great recession, almost every single intern and co-op student I knew were told bluntly there would be absolutely no hiring of them into full time roles.

Up until the great recession it was pretty normal, almost expected, that a good internship turned into a good job offer.

I'm guessing that just never reversed.

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#543

Post by jonbiggums22 »

slipperydippery wrote: post #199
Spivak wrote: post #104

Earlier quoted context omitted.

There used to be two humans standing at the cash register, now because of software, automatic change machines, and cameras there is only one. One of those humans' jobs got automated. Call it what you like but replacing the work of humans one for one is difficult and usually not necessary. Reformulating the problem to one that machines can solve is basically the whole game. You don't need a robot front desk worker to…

I do their work. No work got automated.

Many "productivity improvements" in the modern era are just externalizing the problem. It's like saying I automated recycling by dumping all my unsorted stuff in my neighbors bin.

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#544

Post by kypro »

nicce wrote: post #531
kypro wrote: post #496

Earlier quoted context omitted.

These days normally what corporates do is bring in people from abroad who have the skills. The idea that companies would seek to train up domestic workers if there is a skill shortage is outdated today – even if theoretically this might be good for the domestic workforce. It's just cheaper and easier to import the skills needed.

I think I disagree. It sounds like that companies that do this are average at most and has nothing own - otherwise it would not be possible to just replace the workers. If your company is average, it does not attract real talents. But maybe my comment was not noting every discipline. I was mostly thinking about software development.

I'm not talking about "replacing" workers. I'm talking about hiring the most qualified which in a global talent pool will almost always be someone from abroad. There's no reason for a company to hire a relatively unskilled graduate domestically when they could hire someone with more experience from abroad.

If you look at the workforce makeup of many large tech companies today there's a reason Indian and East-Asian talent is so overrepresented, and it's not because they lack talent. It's because if you actually want to hire the best of the best you're not going to bring in juniors from the domestic workforce and train them up.

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#545

Post by bruce511 »

jedberg wrote: post #403
bruce511 wrote: post #385

Earlier quoted context omitted.

>> What I've found is that only Americans exhibit self-starting and creativity. I'm going to counterpoint somewhat. I think those attributes are evenly spread into all countries, but equally I think they are uncommon in all countries. I don't live in the US. I have traveled there and elsewhere. I would agree that there are lots of cultural differences between places, even places as nominally similar as say the UK, Au…

> I think those attributes are evenly spread into all countries, but equally I think they are uncommon in all countries. The data does not support your statement. From a startup report just four days ago: The United States alone generates 46.6% of all startup activity worldwide, nearly half of the global total. Together with China (9.2%), the United Kingdom (5.6%), and India (5%), these four countries account for 66.…

um, So VC funded startups are the very definition of "not risky". Basically you'll do something as long as someone else ponies up a big pile of cash to pay for it. Pretty much any other business model, where you build with your own time, or money, capital is much more risky.

Equally I don't think this is an argument for American exceptionalism (which is the point under discussion.)

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#546

Post by siva7 »

mlsu wrote: post #373
vvpan wrote: post #340

Lots of people are sceptical but I cannot imagine a use for entry level positions anymore. At my work everybody got to calling AI "the intern", which is not confusing because we do not have and have no use for interns.

I think you are misunderstanding the purpose of interns.

Oh he is understanding the abuse perfectly

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#547

Post by lurk2 »

sjw987 wrote: post #467
lurk2 wrote: post #351

Earlier quoted context omitted.

ChatGPT (might have) made a few superfluous email jobs obsolete and the people responding to this comment are acting like we’re standing on the threshold of Terminator 3.

Implying "superfluous email jobs" isn't a significant portion of the international job market. Most people that work in offices fit under this definition.

> Most people that work in offices fit under this definition.

Not at all. The majority of office jobs can't be automated by current generation LLMs, because the jobs themselves serve either creative or supervisory functions. Generative AI might be able to fill in creative functions one day, but the whole point of a supervisory role is to verify the status of inputs and outputs. A lot of these roles already have legal moats around them (e.g. you can't have an LLM sign financial statements), but even if we assume that regulations would change, the technical problem of creating supervisory "AI" hasn't been solved; even if it was, implementation won't be trivial.

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#548

Post by mminer237 »

blitzar wrote: post #476
celeryd wrote: post #471

Earlier quoted context omitted.

Sadly, they will just have to try harder. It is still doable especially for an American, and I'm not a fan of these doomsayers' prophesying. There is still hope because TikTok and video games are putting most young people in a trance.

TikTok and video games are also a more viable path to making $100,000 a month than any other professional path.

Um, no. Way more young people are making that kind of money by being a programmer or doctor or lawyer or nurse or actuary or something versus the minuscule number of people making any significant money on tiktok or video games.

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#549

Post by ecshafer »

Havoc wrote: post #538

Not sure what these guys are studying but can tell you in the real world - essentially zero AI rollout in accounting world for anything serious. We've got access to some fancy enterprise copilot version, deep research, MS office integration and all that jazz. I use it diligently every day...to make me a summary of today's global news. When I try to apply it to actual accounting work. It hallucinates left, right & cen…

There seems to be this dream of Tax AI Software that will just do all of the taxes. But other than using AI as a fancy text search, I don't see it happening for a long long time. LLMs can't do arithmetic or count.

Re: AI adoption linked to 13% decline in jobs for young U.S. workers: study

#550

Post by zOneLetter »

antonymoose wrote: post #513
zoeey wrote: post #456

This past year, I’ve seen a lot of entry-level jobs quietly disappear. It’s not that people are getting laid off, it’s that no one’s hiring beginners anymore. What’s really missing isn’t just the jobs, it’s the chance to grow. If there’s nowhere to start, how are new people supposed to get in and learn?

Were there ever that many low-level Junior jobs though? In my experience, almost everyone in college would get an internship Junior / Senior year and convert into an FTE after graduation. Those that were not so talented or not so lucky usually struggled to find work, taking many months to finally land a job. Most typically at a Booz Allen Hamilton type of place that was just throwing bodies into seats. At all of my e…

That's funny because I've been rejected from Booz Allen so many times lol
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